REPORT - Renewable energy in Argentina 2018

AIREC REPORT 2018

June 20 (Renewables Now) - In the run up to this year's edition of Argentina's largest annual power generation exhibition and congress AIREC, Renewables Now has produced an extensive report on the ongoing power sector transformation in Argentina in perspective up until 2025.

The South American country is currently targeting to have an 8% share of renewables in its power mix by the end of 2018, going up to 12% by 2019, 16% by 2021, 18% by 2023 and 20% by 2025.

With an overall grid-connected capacity of 754 MW at the end of March 2018, renewables, excluding large hydro power plants, are currently generating around 2% of the electricity in Argentina. The 8% target for the end of 2018 looks ambitious but quite achievable if projects awarded in the RenovAr auction in 2016 get built in time, CNEA, the National Atomic Energy Commission in Argentina has estimated.

As of May 2018, 41 of the 147 RenovAr projects are under construction or in operation, representing an investment volume of over USD 2.5 billion and north of 1,600 MW in terms of capacity, data of the energy ministry shows. Five projects have already started commercial operations, 36 are under construction.

The full report will give you an overview of Argentina’s current power market architecture, the RenovAr auctions programme with detailed project description of the rounds that took place so far as well as the investment opportunities outside the tenders, both in the commercial and industrial (C&I) sector and off-grid, small scale developments.

Wind and solar power advances are explored in greater detail with an outline of the latest capacity and generation figures as well as projects progress. Special attention is paid to financing schemes, grid issues and future development of energy storage.